On the back of this strong performance, the company is forecasting a further £200,000 increase in turnover for the current financial year.

The business, which was founded six years ago, has made substantial inroads into professional services, providing support and advisory services to a number of accountancy firms as well as engaging directly with large corporates, third sector organisations and SMEs.

Senior partner, Greg McNally, who led the Glasgow VAT team at PwC and was, more recently, a VAT partner at Azets before setting up VITA, said: “This has been an excellent year, in which we have not only increased our headcount but have established new service lines and won two small awards as well as being short-listed for two major ones.

“To accommodate growth, we have moved into bigger new office space, created valuable information and networking opportunities and introduced streamlined practice management.

“Our team has also raised thousands of pounds for charity over the year, including Sepsis Research, which accounts for more than 52,000 deaths annually in the UK.”

VITA has also introduced a specialist CBAM (carbon border adjustment mechanism) service line, under the direction of partner Craig Stobo, an expert on the subject.

CBAM, a new form of tax that will be introduced to the UK from January 2027, aims to put a cost on carbon emissions and ensure that imports will carry the same carbon costs, create a level playing field and reduce companies’ temptation to circumvent the measures by switching production to other, less regulated, countries.

In course of the year, VITA appointed Big Four-experienced Elaine Shepherd as an Aberdeen-based partner and hired Tony Cochrane as a director and Chantal Scheepers as practice manager.